And today, we'll bring in our partners at Fidelity National Title and David. Today, we'll be talking about good and bad preliminary reports. You'll need to see and understand what's good and bad about them and if you should move forward with the transaction or not. This will be rather technical. If you have questions, let us know. We'll be happy to answer. Hi, I'm David Glansrock, and I'm Kyle Anderson. We're with Fidelity National Title here in Orange County. One of the questions that we get asked is, what is title insurance? It shows up as a line item on your closing statement. Now, title insurance is actually an insurance policy that a title company issues to a buyer, seller, or lender depending on if it's a purchase or refinance. What that title insurance policy does is it ensures the property against any previous encumbrances. For example, if you were to purchase a home and someone were to come back and say, "No, I own a partial interest from 1972," the title insurance company ensures that it would get paid out to that person claiming interest in the property. So, when you buy a property or refinance a property, you own it free and clear of any encumbrances and are insured against anyone coming out and saying, "Hey, I should have been paid. We have an outstanding debt against this property." Now, what we have right here is a preliminary report. So, why are these important and what does a title company do when we issue a preliminary report? Well, there are three major things that we want to look at. We want to look at taxes, any liens or encumbrances, and we also want to see how the property is vested. The first thing that you're going to see on...
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Saclaw preliminary change of ownership report Form: What You Should Know
The owner of real property who has been transferred to another person who does not yet have all the real estate interest of the transferee in any one parcel of real estate for which the transfer has been completed may file a report with the County Recorders within 45 days, stating whether, and whether any portion or all of the real estate will be transferred at the time all the other real estate interests of the transferee have been transferred. The transferor of the subject land has 30 days from receipt of the report to file a response with the County Recorder. Forms and templates — ac.ca.gov, , The forms and templates have the following purposes: to provide an accounting to avoid disputes about whether the property's owner actually has an interest and to eliminate the need for the reporting of certain transfers when a separate deed is involved. Affidavits of Incorporation — Scalar.org How to fill out the forms — sac law.org Forms and templates. You can find the California LLC (Limited Liability Company) form (as filed by the LLC with the Secretary of State) at California LLC (Limited Liability Company) Form. Fill out the form, which looks like a business form, including section numbers. Forms and templates — sac law.org For the State of California, see Cal. Secretary of State Website. Fill out all the sections, including the language for title and the information you want to provide as a description that describes the property. Forms and templates — sac law.org For the State of New York, see NY. Department of State. Fill out all the sections, including the language for title and the information you want to provide as a description that describes the property. Forms and templates — sac law.org For the State of Washington, see Wash. Rev. Code Title 18 Chapter 21. Fill out all the sections, including the language for title, the description of property and the language on title. Forms and templates — sac law.org For the State of South Carolina, see SC. Code Ann. § 62-33-120. Fill out all the sections, including the language for title and the information you want to provide. Fill the form out carefully and make sure to fill in all the information. Forms and templates — sac law.
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